A Verizon spokesperson says the company is "still involved in evaluating bids. No one has been chosen yet. There is no signed contract." The site is just one of a number of company-owned sites in the area that Verizon has put on the market. The 42-story Penn/Garment area site was built in 1970.

In a company conference call earlier this month, Reckson president and CEO Scott Rechler acknowledged his firm was in the running for the 1.2 million-sf site. He said Reckson and a partner were still interested in the building, but he expected it to be a while before any deals were sealed. "It's competitive. We're participating in it."

A spokesperson for Trizec, which was also one of the finalists, tells GlobeSt.com, "We've been very interested in the building. We bid fairly aggressively on it; however but only within the limits of our disciplined approach to acquisitions." He says it would have been a nice complement to the company's other holdings here. "It fit with out current objective to increase holdings in New York, particularly in Midtown. The Chicago-based Trizec owns 1065 Ave. of the Americas, the Grace Building and the World Apparel Center.